The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Salaries NQ – £40,000; 3PQE – £45,000-£55,000, but no banding system, each level depends on merit.
Bonuses Offered annually and determined on firm, departmental and individual performance targets. Maximum 6 per cent of salary.
Training Skills training such as negotiating and networking offered mostly in-house. Also uses external providers and assessment centres.
Appraisals Regular performance reviews based on financial performance, assessed by department heads liaising with HR head. Annual self-appraisal process linked to incentive bonus since 2003, which was launched in the property department and which is extending to other departments in 2004.
Partner progression Youngest partner early 30s.
Billable hours target 1,350 for all, excluding corporate, which is 1,400.
Flexible and part-time working Flexible not offered, part time offered for litigation group. Fladgates has also had a workforce agreement to cover the Working Time Regulations since 1998, which means no lawyer will work more than a 48-hour week as an average over the 52-week year.
Holiday entitlement Flexi-holidays. Fee-earners can buy and sell a week. Prohibited from selling below total of four weeks.
Benefits Flexi-holidays, pension, medical insurance, life insurance, permanent health insurance, client introduction bonus (5 per cent of all fees billed and paid annually), introduction bonus for staff and lawyers (£1,500 for lawyers, £1,000 for secretaries and staff).